MOF, BNM, SC to formulate framework on consumer credit regulation

The Ministry of Finance (MoF), Bank Negara Malaysia (BNM) and the Securities Commission (SC) are spearheading collaborations with relevant agencies to formulate a comprehensive legal framework to regulate all consumer credit activities, including the “Buy Now Pay Later” (BNPL) scheme.

吉隆坡，3月15日（Bernama） - 财政部（MoF），马来西亚国家银行（BNM）和证券委员会（SC）正在带头与相关机构合作，制定全面的法律框架，以规范所有消费者信贷活动，包括"先买后付"（BNPL）计划。

Deputy Finance Minister II Yamani Hafez Musa said the framework would be set in place with the enactment of the Consumer Credit Act (CCA) this year.

财政部副部长II Yamani Hafez Musa表示，随着今年《消费者信贷法》（CCA）的颁布，该框架将到位。

“With the CCA, all credit and BNPL providers will be subject to relevant regulations that also encompass risk control and consumer protection as well as the appropriate shariah compliance rules in performing BNPL activities,” he said.

"通过CCA，所有信贷和BNPL提供商都将受到相关法规的约束，这些法规还包括风险控制和消费者保护，以及在执行BNPL活动时适当的伊斯兰教法合规规则，"他说。

He said the government expects to see more new innovations in line with the digital acceleration, and noted that these innovations would need to be well regulated.

他说，政府希望看到更多符合数字加速的新创新，并指出这些创新需要受到很好的监管。

Yamani Hafez said this during the Dewan Rakyat sitting on 15 March in reply to a question from Lukanisman Awang Sauni (Sibuti-GPS) on the BNPL purchasing method on the online trading platforms.He stressed that currently, BNPL activities are not being regulated by any agency.

Yamani Hafez在3月15日举行的Dewan Rakyat会议上回答了Lukanisman Awang Sauni（Sibuti-GPS）关于在线交易平台上BNPL购买方法的问题时说了这番话。他强调，目前，BNPL的活动不受任何机构的监管。

As such, consumers are advised to understand the BNPL’s terms and conditions, ensure that instalment payments are made in full and on time, and monitor their BNPL commitments to ensure that their personal debts remain manageable.

因此，建议消费者了解BNPL的条款和条件，确保分期付款按时足额支付，并监控其BNPL承诺，以确保其个人债务易于管理。